Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>SAP, a global leader in enterprise software, reported its second quarter and half-year 2026 financial results, highlighting a continued focus on cloud transition and the emerging role of artificial intelligence (AI) in its offerings.</li><li>The company experienced robust growth in cloud revenue, which increased by 24% year-over-year to €6.3 billion, driven notably by cloud ERP suite revenues rising 27% and a solid execution of on-premise to cloud migrations.</li><li>Total revenue climbed 11% to €9.9 billion despite a slight decline in services revenue due to strategic consultant reallocations toward AI adoption.</li></ul>

SAP, a global leader in enterprise software, reported its second quarter and half-year 2026 financial results, highlighting a continued focus on cloud transition and the emerging role of artificial intelligence (AI) in its offerings.The company experienced robust growth in cloud revenue, which increased by 24% year-over-year to €6.3 billion, driven notably by cloud ERP suite revenues rising 27% and a solid execution of on-premise to cloud migrations.Total revenue climbed 11% to €9.9 billion despite a slight decline in services revenue due to strategic consultant reallocations toward AI adoption.

SAP’s €6.3 Billion Cloud Surge: Can Autonomous Enterprise Reshape ERP?

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SAP’s €6.3 Billion Cloud Surge: Can Autonomous Enterprise Reshape ERP?